Loss in terms of money or efforts. Could be recent or ancient.

  • Mpolmanteer@lemmy.world
    link
    fedilink
    arrow-up
    77
    ·
    1 year ago

    Knight Capital - They were biggest equities trader in 2012. They manually deployed code and didn’t get configuration right and it reactivated “Powder Peg”. They lost $460 M in 45 minutes and went bankrupt.